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revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of capital gains income and you get 20% more tax revenue. >> you don't, because people decide to shelter it. they do their transactions the year before, when the amount is less. and so, all of these numbers that the white ho
. >> you like japan, yes or no. >> i love japan. >> i like cliff naturals i like the least because of the debt. >> summed it. charles you better deliver on the picks. happy new year . david asbin and forbes on fox is here right now. >> just about everybody is trying to stop the tax cuts from expiring. but billions in subidies for wind energy should be expiring. could they be right or will they blow up energy prices. we'll go in focus with steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thest thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings.
.3 magnitude quake hitting off japan in an area that does not neat incidents like these. new video buildings swaying and sirens wailing and men and women, children running for higher ground. a reminder of the massive quake and deadly tsunami hit the same area just about a year and a half ago. we'll drill down on that. good morning as we follow up as the earth started to shake earlier today. i'm bill hemmer. welcome to friday. martha: good morning everybody. i'm martha maccallum. last year's tsunami killed and left missing some 19,000 people. as you remember those unbelievable images we saw of the coast which was devstated. it also damaged nuclear power plants and created one of the worst nuclear disasters we've seen in history. bill: we held onto the story for a long time. japan today has canceled the tsunami warning which may be the best bit of news we heard so far. terrifying reminder may not be dismissed. david pipe every streams live out of southeast asia. what is the damage report in japan, david? >> reporter: bill, thankfully there hasn't been any serious damage reports. also no deaths
.3 magnitude earthquake in japan. the quake striking off the northeastern coast but felt as far away as tokyo. japanese authorities say no problems are detoebgted at the nuclear power plants closes to the epicenter. it triggered a three foot tsunami in the same area devastated in last year's disaster. no deaths reported. more on this story out of japan coming up in a live report. jenna: right now brand-new stories and breaking news. jon: house speaker john boehner coming out on top. what was the intra party skirmish all about? we have the answers. a big seat to fill, they call him the king maker. conservative senator jim demint calling it quits who. will step in and what the change will mean for the next congress. if you're looking for an out of this world vacation, yes, you can have it literally, a trip to the moon for two, we are guessing it is all-inclusive, the whole story and the stunning price tag, all "happening now." good morning to you on this friday, the jobs numbers are in for november. i'm jon scott help the. >> reporter: i'm heather wheuld dreshelp the heather childress in nor je
. a strong earthquake rocking japan. the usgs saying it was a 7.4 magnitude quake. a tsunami warning was issued and it could be as high as two yards. so far there is no word on any major damage. videos show buildings in tokyo swaying for at least several minutes. you may remember the massive earthquake last year in japan. this tremor is not expected to produce those kind of widespread tsunamis. again, a 7.4 magnitude quake striking off the coast of japan has triggered a tsunami alert, but at this point there is no word on any damage. stay with fox newschannel for the latest on this developing story. now back to "red eye" already in progress. >> lightning roouuuuuuuuuunnnd d lightning round. >> will you join me in urging everyone to boycott the grammies because of this? >> scooter said it better than i could. the kid delivered. give it a break. also who cares? the beatles and led-zeplin were not raking in the grammies. some people are just not understood. >> that's true. he is like our van gogh. >> how many did velvet underground and niko win? do you have to cutoff your ear to become
. 30,000 american troops are stationed there. japan is preparing for the launch as well, they are deploying service air missiles to shoot down anything that may enter its airspace. joining me now is gordon chang. you say that if this is all true, north korea has a very specific audience. who and why? >> the specific audience would be iran.e. who and why? >> the specific audience would be iran. north korea and iran have been conducting a joint missile development program for at least 15 years. in the beginning of september, they signed a technical cooperation agreement, just yesterday, the kyoto news agency reported that a facility close to the chinese border, they are there for nuclear weapons and missile purposes. we need to keep an eye on north korea's relationship with iran. jenna: not only because it is a weapon, but because it can carry a nuclear warhead -- do i have that right? can you explain it to her audience? reporter: sure. north korea has these weapons. but her rants iran is on the verge of getting them as well. they have had warhead testing, which looks like
from the political grapevine. how does a country unapologize? japan may look to find out. "new york times" report the new government may revise 20-year-old apology to women forced to sexual slavery. the chief cabinet secretary declineed to uphold the apoll saying it would be desirable for experts and historians to study the 1993 statement. japan will hold up a larger apology. they will call on japan not to forget the militaristic past. >> go visit your parents. in china that is an order. they require adult children to visit the aging parents often. it does not specify how often. the parents feel they are neglected and sue them. it comes with reports of parents abandoned or ignored by the children. >>> as we talk about, there is a clear tuition over the fiscal cliff. they are working on the legislation, they will watch another battle on sunday. >> we are going to vote sunday night. probably watch the skins-cowboys game. >> washington and dallas play sunday night with the nfc east title on the line. the father played for the redskins in the 1930s. they were in boston at the time. >> m
the tsunami in japan. general motors may not move to second place maybe into third place because vogues wagon sales are on fire. it will take the top spot by the year 2018 inch all they are headed for a record sales year. sale also top 80 million through out year. >> low gas prices. >> this is the lowest of the year at this point. it is great news for the drivers expected to hit the road this weekend. combas prices $3.34 a gallon. what is more it will be less if we fall off the fiscal cliff. >> the scanners you have to go through at the airport we made a good connection. >> they will go through the advanced airport record machine. they ott noble require an independent study of the x-ray scanner but also let travelers know they have other screening options. pregnant women are more sensitive to the radiation exposure. >> lauren simonetti as always we appreciate it. >> the time is 18 after the top of the hour. coming up next on the rundown for you key obama care regulations about to go in place without the normal 60 day comment period. is the administration trying to quietly fast track some of t
is supposed to be about the same. it will go to the south korea, china and japan in anticipation of that, japan today, deploying surface-to-air missiles, radar ships and troops just in case this thing goes off course, martha. martha: we've seen these sort of rattling of sabres before. we've seen some of these attempts fail over the ocean but you never know when they will be able get this right. so the diplomatic reaction to all of this, what is the pushback, greg? >> reporter: as you can imagine the reaction has been strong and negative in. in seoul, south korea ambassadors from that country, from united states, japan, russia, china, meeting with foreign ministry officials. japanese prime minister says we strongly call on north korea to refrain, a little bit of backtracking from china today. in their official media they are saying that perhaps the concerns are exaggerated. all this seems to be a chance once again for the new young leader of north korea, kim jong-un to burnish his image. two weeks from today on december 17th, it is the first anniversary of the death of his father kim jong
it will be a concern. we have thousands of troops stationed in japan and korea. there is talk of being able to reach los angeles or the western coast. no north korean test so far has reached that near abroad. bill: what would korea want to prove with this launch? >> always dangerous to try to climb into the mind of a north korean leader. but there would have to be a domestic component to the situation. there are important elections taking place in japan on the 16th and south korea on the 19th of this month. well within the range of this test that is scheduled to come in the coming days. influencing their neighbors and influencing politics and testing new ground with what would a second-term approach be with obama. bill: this is what we believe to be the ultimate range. 5,000 to 6,000 kilometers. 3,700 miles. china to the west here. in japan well within range of north korea were to be successful in developing this launch mechanism. here is hawaii. that's outside the range of the 6,000 kilometers. the question then begs how realistic is it that north korea would be a threat to the united states? >> th
's bring in the director of japan studies at the american enterprise institute. thank you for joining us and i thank you for having me. hello, heather. heather: you have this article that you wrote for the national review online. the very first line of your article says this. save yourself a few precious minutes and ignoring everything that the u.s. government says about north korea. so what is going on? >> welcome the truth is we don't know what is going on. we are pretty clueless about north korea. all we know is that when it's time fore holidays and for us to relax, north korea will do something crazy like launching rockets on july 4 or maybe setting up another nuclear test around new year's. you know, we go through these cycles. we assume that one day we are going to get them back to the negotiating table, we try to do that, and then they turn around and they break their promise. we are right back where we started from. my point is that i think we should really stop thinking about what we can do to handle this situation. rather, we should accept that the north koreans control the tab
's threatened by this. such a missile could reach alaska, hawaii, south korea or japan. that's one of the reasons that all of those countries have taken precautionary measures, the u.s. sending four warships to the region, south korea has a warship observing all the events. japan activating its anti-missile shield. the plan launched in provocation in direct defines of the security council. the state department said we have the un security council statement which strongly condemned their last launch and made clear that the council was determined to take action if there is a further launch and we stand by that, end quote. just what action the un might take remains unclear but the tightening of sanctions is almost a sure bet and given that much of the technology for north korea's missile program is imported, a stricter ban of technology sports from around the world may be in the offing. >> shepard: technical problems is the reason given for the delay. it sounds like a lot of analysts believe that could be a cover. >> reporter: that's what couple of south korean analysts are telling th
. martha: how different than what happened with japan in the '80s. seems like they owned every building in new york. >> back in the '80s and very early '90s japan actually overpaid. they bought the pebble beach golf course in california and bought rockefeller center in new york. various other properties and paid huge dollars for them and lot of their shirts. this time around with china is not the case. you can't say they're paying a lot of money for aig's plane leasing business or a123. martha: stuart, thank you. see you coming up on the business channel. bill: here is the question for you. how much american debt does china actually own? as the largest foreign owner of u.s. debt it owns more than a trillion dollars in treasury securities. china's holding of u.s. debt has increased 56% over the course of the obama presidency which comes out to about $400 billion more. it has bought or invested in more than $15 billion in more than 100 u.s. companies going pack to january of 2010. that is influence. martha: new numbers raising fresh concerns here at home about our economy. the u.s. consum
china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints money, it's devalues their currency which makes anything they want to export or anything that they are importing more expensive. that is why your food is more expensive because we imported a lot of that. that is why energy is more expensive because we import a lot of that. if every country is doing that, its race to the bottom how quickly they can devalue their currency. >> we trade with so many different nations. we trade with europe and certainly with china. look at our trade imbalance and you can figure that out. europe has only a handful of countries that are doing decently? >> there is about six. they are in the nor
.s. students spend more time in the class rom than kid in the chin affin land and japan. that helps one person and that is the teacher unions where the recip yepts of the spending. if you want to help the kids privatize the system. before the late 1880s it was home schooled and private and more choice and better out come for all. >> john, is it worth it or the education of the kids is worth it? >> i don't think there is a correlation. i think johnathon is right here. i don't agree with privatization of all schools. 20 years we had a best education system . we still have great teachers and school accident, but as a system, we are failing and we are falling down behind other countries. you look at oecd inwe are falling back every year. it is not the amount much time, it is what they are getting while they are there. and we don't have the ability to merit base teacher or students and we have a problem of the infrastructure. >> christian, what about the economics of all of we know that states are trugling and maybe do the connecticut and colorado and new york and tennessee and massachusetts. they
.s. allies, japan, south korea condemn the action. philippines, where the rocket landed 200 miles off its shore protested. japan is particularly upset because it flew over the okinawa islands where there is large u.s. presence. south korea is calling for more u.s. sanctions. the most important, china, they are saying want a moderate and prudent response. may well go to the u.n. security council this morning. back to you. martha: so how important is it for north korea's missile regime, missile program i should say they were able to launch this weapon successfully? they have seen several failures in the past? >> reporter: well it is a major scientific achievement if you look at it on that level even though a lot of their people are starving in the country. from what the experts are saying they're still a long way off from being able to fire a ballistic missile with a nuclear warhead. there is problems with the heat from reentry, things like that. but it's, they are moving towards that ballistic missile which could threaten in the future the u.s. mainland. but it does seem a political succes
by naval and air forces of the empire of japan. ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. alisyn: this is fox news alert there is more tragic fallout from that radio prank today getting global attention. a british nurse duped in a hoax involving the dutchess of came ridge has been found dead in an apparent suicide. here is prince william and his pregnant wife kate leaving the hospital yesterday after she was treat ford severe morning sickness. a couple of days before a pair of australian shock jocks called the hospita
in 80 seconds. japan, that collapse coming deep inside a mountain on a main highway linking tokyo to central japan. fire, thick smoke, and the fear of a second cave-in, keeping rescue workers from looking for survivors and investigators trying to determine what caused dozens of concrete panels to fall from the tunnel's roof. south korea, the country's foreign minister holding an emergency meeting, to address north korea's plan to launch a long range rocket later this month. the north saying the rocket is meant to send satellites into space, but the u.s. and allies say it's just cover for north korea he is real goal of developing successful long range ballistic mechanism. spain, notice the wheelchairs in the crowd of protesters. 10,000 people taking to the streets of madrid, angry that government cutbacks will crush people with disabilities. the austerity measures reducing services, closing specialty centers and laying off care workers. france, a coded letter sent in 1812 by na popoleon bonaparte, saying that force that was then. now selling for more than $243,000. that's a wrap on
missile. it is the latest move by the very secretive country. japan said part of the rocket landed west of the peninsula and another part in or near the philippines. we are joined on the phone. good evening, sir. >> hi, greta. >> well this, is certainly a surprise because they had extended the window until december 29th for the launching of this rocket. do you know anything about at least the reported rocket, how far the range is, if it's a successful launch? >> nobody knows right now or at least it's not been released the rocket achieved orbit but that's not the issue. the issue is this rocket, after four failed attempts, has fired all three of its stages. in other words, the rocket fired all three stages and eventually put some kind of payload almost due south over the pacific ocean. what that means is that after five attempts the north koreans have masterd it.y could delivera warhead as far away as the west coast of the united states, greta. >> last april they attempted it and it failed. something changed between then and now, assume it is not a failure. my suspicion is they got some
with us today. a powerful earthquake sends shock waves through japan one year after a tsunami killed thousands . another sunshine warning in affect. >> steve: that is not good. it is a victory for capitalism but not everybody is happy. that is not wisconsin. it is the state of michigan taking on the organized unions. we'll tell you what just happened to the michigan workers. it changes everything. >> brian: really. big government goes to dogs like forcing flood lights in the yard . it is it happening on friday. "fox and friends" starts just about now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. tgif. hopefully you will have a great friday as we move in the weekend. get christmas shopping done and put up the lights and your tree. >> brian: last week of the summer concert series. is it over. >> gretchen: break out your snow mobiles. i got ear must haves for you. steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it eve
. a magnitude 7.3 quake rocking japan triggering tsunami fears and warnings in the same region mitt by the massive quake and tsunami back in march of 2011. you can see buildings shaking in the brand new video. so far no major damage or injuries reported. republicans working through legislation by democrats and scenes like this one angry protests by union activists. it shows protestors being hauled off in handcuffs after beiustin down the doors. they have union fees from none union employees. >> john mcafee is arrested one day after entering the country illegally. good morning elizabeth. >> it is a bizarre twist in the story making headlines for three weeks. john mcafee rushed to the hospital for chest pain after being denied asylum by the country. he was only hospitalized for a brief period of time. doctors believe he is suffering from high stress. mcaf fee has been on the run trying to escape questioning by police in belize. he's considered a person of interest in the murder of his brother. on tuesday police raised him for entering the country illegally. the 67-year-old software co
on the national economy. these two ports have a 44% of the nation's sea cargo. it includes cars out of japan and china. john fund, coauthor of the book "who's counting." you want a raise? you want a clerical worker? the money is pretty good. $87,000 a year. $105,000 with a compensation package. one of the top u.s. blue collar jobs. >> the outrageous thing about this strike is this. the port owners were willing to say all the clerks will have lifetime employment. but if someone retires we want the flexibility to move their job around or eliminate their position and the union said no. these clerks basically still use paper invoices to make sure the cargo moves clearly. a lot of that can be automated. these jobs, $165,000 are apparently forever. as a result of that we had this unnecessary strike and it cost a billion dollars a day and the price of toys may go up on christmas. >> this was not about benefits, vacation or pensions or salary. it was about the job of these clerks monitoring the port car go and their jobs are going to be guaranteed for life. but they wouldn't be allowed to replace th
and japan who hold elections this month. tokyo has already deployed its military to takeout any debris from the rocket and also the u.s. military as deployed more ships with special antimissile systems so they could intercept the rocket if it does go towards japan. back to you, jon. jon: david piper keeping an eye on north korea. thank you. jenna: we'll stay with overseas news and go straight to egypt. egypt plunging deeper into turmoil as the military acting on orders of the president there out in force and giving new power to arrest civilians ahead of this week's vote on that draft constitution that is so controversial. this as thousands of protestors take to the streets near the pre in cairo demanding the fall of the new regime. conor powell is live with more now. >> reporter: jenna, this political crisis is only growing and increasing in seriousness. at the heart of all this is the draft constitution which is supposed to be voted on on saturday. opposition groups want that vote postponed. they say the draft constitution is too islamic, they say it's antidemocratic. the morsi government
it is in their interests. if north korea's nuclear weapons program goes on other countries in the region, japan, south korea, taiwan and others are themselves going to look whether they want nuclear weapons which would obviously make the entire region much more unstable. jon: and for those who wondered whether kim jong-un had staying power as leader of north korea, he just bought himself a whole lot of time in that job, didn't he? >> well i think he showed that the capability of the north koreans has been underestimated and i think you're right. this will be a political boost for him but let's be clear. this rocket-testing program and the work with iran have been going on for decades and they have had some notable failures but each failure tells them something and each success tells them something. if they can put a payload into orbit which we concede they have apparently done, in effect they're well on the way to putting a nuclear payload anywhere on the planet. jon: two members of the original axis of evil still working together. ambassador john bolton, thank you. >> thank you. jenna: we're going to
homes. some weather stations reported hottest november days on record. japan. it's a holiday cake you and your dog can eat together. a pastry chef is baking the treats in tokyo. his recipe use as special pet friendly flour and leaves out chocolate and alcohol. some of the cake costs more than 70 bucks a slice. that's a wrap on this fox trip around the world in 80 seconds. >> i'm shepherd smith. this is "the fox report." bottom of the hour, time for the top of the news. president obama says he won't let critics of the u.n. ambassador susan rice keep him from nominating her for secretary of state. he claims so far he hasn't chosen anybody to replace secretary of state hillary clinton. but he says ambassador rice has done a great job at the u.n. and it will be his decision. >> i don't really spend a lot of time on, you know, what folks say on cable news programs attacking highly qualified personnel like susan rice. >> shepard: well, some republic senators say they cannot support ambassador rice right thought because of her comments five days after the attack on the outpost in benghazi. t
and japan were rubble so we thought that was the natural order of things. it wasn't. and when the other industrial countries recovered we got world competition as we have. we ran into bankruptcies. chrysler now twice. we see that in the southern states where the transplants are without the unions. they weren't the ones who went bankrupt last -- in 2008 and 2009. so it really is a choice. it's a tough choice. and i sympathize with the unions but the fact is that in the global economy where you have to compete on wages and other elements, of the units of production, can you either have, you know, high wages with low employment or you can, as obama would say, spread around the wealth. the fact is that in the right-to-work states, unemployment is 6.9%. >> we have a graphic that shows right-to-work vs. non-right to work statements on employment, go ahead. >> and in the other stays the non-right-to-work it's 8.7. so you can choose to have fewer workers who enjoy higher inflated unnatural, if you like, wangs on uncompetitive wages. or competitive wages and more people employed. more people wit
states, japan, and i don't know exactly what that is. but it is a combination of toughening the policy with some kind of rewards if there is movement, a positive movement. we have never really tested this guy. we know very little about him. so, i'm not saying the answer is to isolate him completely. that doesn't seem to be working. some kind of engagement, i don't know exactly what. i'm not in the government. i'm a private citizen but i think our approach to north korea ranging from engagement, to sanctions, has not worked. so what we need to do is find a way to deal with him that tests this new guy. we should not just say forget about him and isolate him because he has had nuclear weapons and we have had 60,000 troops there and he has missiles. his people are starving. at the least we need to find ways in a humanitarian way, help those people. >>shepard: a lost challenges there. thank you. we are just a few days away from a vote on egypt's controversial new constitution. today, the main alliance that opposes president morsi urged people to vote "no." opponents are wary of the regime a
asia, clearly, it has bruised people, governments across the region here, south korea and japan, and in recent days, reportedly pressing for an increase in the u.n. security council sanctions to the level currently imposed on iran. we don't know if they will get there, but tension is on the u.n. right now. china has a veto power there. china's patience was taxed with this launch, the foreign ministry spokesman expressing regret, which is a strong word from beijing. but it is unclear what measures china would accept as means of punishment of north korea. greta? >> greta: do you know why the window was extended for this launch and then they launched it? is there any explaining for that, yet? >> it could have been a measure by thome confuse and throw everything off the track. yesterday, local time, local media said that the rocket was being dismantled -- sorry, two days ago, saying it was dismantled from the launch pad, perhaps for repairs. a couple of hours later, it was put back and the launch took place, perhaps without south korean media and the government there watching, parti
. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said i
the regime. you have the chinese making trouble for japan over these islands and making trouble for the philippines and making trouble for the vietnamese being uher is tiff -- being assertive in what they consider their territorial waters. many think it is international waters. it is a scare yes, sir place. there is -- scarier place, and there is disorder in the world. >> and the middle east. there is so much concern about the arab spring a year ago. a lot less promising now. >> sure, you have the problems in egypt which is a difficult transition. libya, we obviously know what happened there at benghazi and a country that is unstable. even tunisia isn't doing that well. when you have crisis and chaos there isn't an opportunity for american leadership. what you would need is a president who would have the grand strategy for what do i want to see happen in the world in the next four years and how am i going to get there? >> the strategy seems to be america withdrawal and retreat in the world. we are r going to cut the gash and the defense budget and we are pulling out of afghanis
to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec r
this morning. odd christmas tradition in the world. going out to japan, it is so normal that kfc is so popular that people go to kfc for christmas they have to make reservations weeks in advance. >> i can't imagine. i believe we ought to exsport. >> ileave mince pie and guinness for santa. >> that's why he forgot to wrap the presents. >> and in venezuela, they skate to church. >> roller skate. >> they move to the rollerblades or have the double wheels. >> there is no speed limit there. you can pass all you want. >> any odd traditions to do? >> i think in a lot of places in america we have adopted the tradition from different cultures. my favorite thing on december 7th. feast of somebody help me out here. put your shoes out and you wake up in the morning and you have candy in your shoes . in holland that is wooden shoes . >> how about you. any crazy tradition . >> no, we go to church on christmas eve . open one present. >> i know some families that have birthday cake for jesus and other families instead of lot of gives they do three because the wise men had three. >> gretchen said she is swedis
. europe was on its knees and japan was rubble. we thought that was the natural order of things. now we are world competition, we ran into bankruptcy. chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and the unions are powerful there. it is emblematic and we look back on history. this move to make michigan a right to work state will be historic for that reason alone . what needs to be so clear in the discussion, it is really about choice. it is not about tamping down people's rights. it is actually moving them up and saying you now have a choice. you can pay your dues to the union, or you can choose not to pay the dues. >> steve: what happened in michigan
but doctors thought it was best to keep him in for further observation. >>gregg: and in japan, a tunnel roof suddenly gave away. >>heather: and do you not have to be in the path of the super storm sandy to see an impact on your wallet right now.. five su, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals
in the region. japan deploying patriot missiles. south korea revving up a brand new israeli-made missile defense radar system. both are promising to shoot the thing down if it goes into their area. meanwhile all of this means a lot to the new young leader of north korea, kim jong-un. it is aimed to mark the first anniversary of the death of his father, the former leader of the country, kim jong-il. it was supposed to mark a year to show that the impoverished nation is on its way to be strong and prosperous. we see pongyang magging the message more than it usually does both for the domestic and international audience. my contacts are saying they will call this a success whatever happens. secretary of state hillary clinton here in europe for a nato meeting is also managing her message pretty closely too. she is saying that the u.s. is concerned and she is telling north korea to not even consider this launch. the reason from the u.s. standpoint again, if this is successful, this is the long range intercontinental ballistic missile. it could have a range of 6,000 miles plus. that could put whatever
and officials say the ship will shoot down any message to the philippines or japan. apparently all pray and no play, and turns out the ground zero mosque that was supposed to be a cultural center is now an empty space with no community programs and it gathered to prepare for services and the only activity and apparently last year the company conundrum edison threatened to evict them because of 1.7 million dollars in unpaid back rent. and a massachusetts man wants to save the hostess, well, save hostess and the twinky. donald sheraton sent a letter to the ceo, the bankruptcy judge and offering to buy the company. he explains he wants to buy the company for a long time, but didn't have the capital. >> and even though it's a long shot, the deadline to buy hostess is tomorrow. you don't have any money? just write a letter i'd like to buy it. >> clayton: the twinkie. >> mike: don't forget the ding-dong. >> clayton: or don't tread on the devil dog. in college football, winners of the heisman, last night a first in college's highest honor. >> the 2012 winner of the heisman memorial trophy is.
out from current trends. what's in place will go on forever. we did that with japan 30 years ago. got that one wrong. maybe we shouldn't be extrapolating like this with china. gregg: the other thing that is very conspicuous here is the enormous trade imbalance with china. our trade deficit with china has tripled over the last 10 years. point of fact i just looked it up today. we export 7%. they export 23% to the united states. isn't that a job killer for americans? >> yes it is. there is no question about it. many of the jobs which our fathers and grandfathers had in the united states left a generation ago or 10 years ago, they left for china and that's basic in the relationship between china and the united states economically at this moment. that doesn't change if china becomes the world's number one economy. it might even get worse. gregg: yeah. and china is now overtaken the united states as the world's largest trading partner. >> yes. gregg: we'll talk about that with senator charles grassley coming up next hour. stuart varney, thanks very much. >> thanks, gregg. martha: this whol
is north korea, here is japan, this is the area where the missile took its course. hawaii is about 6,000 kilometers away. you are 3600, 40,000 miles away from the east coast, ask is a little closer than that. you have come up with a scenario that i think is intriguing. you're saying the iranians were there on site when the rocket was launched. >> there are multiple reports from several news organizations right now that where the launch was you had iranian technical experts who have been involved in the missile program in iran. why that is important, the shab missile is based on the typodone2 missile in north korea. the federation of scientists has told us for years that iran has been in bed with north korea sending cash and oil in exchange for their missile technology. bill: they are much closer to reaching the u.s. after something like this. >> yeah, you talk about some of the stuff falling there close to the philippines and so forth. pair in mind a rocket way was launched a couple ever days ago is a multistage rocket. what you're seeing are pieces of the first and second stage. tha
in japan. it crushed cars. rescue efforts were stopped by the tunnel being reenforced. pope benedict joining twitter. he is unveiling his handle and sending out his first tweet. after that an aid will manage the account. the pope will approve the tweeting. >> gretchen: we are 29 days from heading over the fiscal cliff and lawmakers are struggling to find the common ground. here is more from fox news sunday. >> can promise we'll not go over the cliff. >> no, i can't promise that. that lies in the hands of republicans. if they recognize the reality that we can't afford without tax rates. >> gretchen: the blame game continues. could it hurt one party and elevate the other. joining me is marge yee omaraand ron myer. good morning to both of you. >> good morning. >> let me start, i am struck by the fact that tim geithner is so political in the discussions and calling out republicans, is that normal. >> i think he's on the way out of the door and doing it for president obama because they want the negotiations to found. howard dean said this is the best deal progressive democrats are going t
for both south korea and japan who hold elections this month. now, the rocket is planned to be fired along the west coast of the korean peninsula towards the philippines, and there are u.s. naval vessels in the vicinity to track any potential launch. back to you, megyn. megyn: david piper, thank you. >>> is the united states about to lose its status as the world's only superpower? ambassador john bolton on a new warning for america and what it means for our security. >>> plus, a judge already infamous for sexting shirtless photos of himself has now touched off a new controversy, this time involving a woman who was appearing in his courtroom. >>> and as we monitor the president's speech in detroit, we are waiting to hear if he takes a swipe at the right-to-work battle raging in michigan. how the rules will change for workers in such a big union state and how the white house figures in all of this. we'll debate. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call ri
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